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Forex-currency

DXY is topping. Will drop below 100.000The DXY is getting rejected on the MA50 (1W), closing the week under it. It has closed all weeks of 2023 under it. This is very much alike the Cycles of 2017 and 2020. The upcoming Bullish Cross on MACD sealed the top on those Cycles. Trading Plan: 1. Sell on the current market price and as long as the price is closing under the MA50 (1W). Targets: 1. 98.000 (Fibonacci 1.236 extension, comparable to 2017 and 2020). Tips: 1. The MA200 (1W) is moving towards 98.000. Last time DXY made contact with it was on February 7th 2022 and last time it closed under it was on November 1st 2021. This shows what a strong long term Support it is. If it gets hit and upon the first 1W candle it closes over it, then book profit right there. Please like, follow and comment!!
TVC:DXYShort
by TradingBrokersView
3
AUD/USD showing promising signs to our original target at 0.6500AUDUSD as previously mentioned. Formed a Rising Flag (broke below) At the time the indicators were all mixed but now we have stronger signs that the price wants to come down. 21 >7 - Bearish RSI < 50 - Bearish Target 0.6500 CONCERNS: The worry is that the price is still flirting with the 200MA and the environment is still Green (Bull trend). Once price breaks below, it will all be a higher chance of the price continuing to plummet.
Short
by Timonrosso
EURUSD Isn't yet at buying pointEURUSD is trading inside a Channel Down pattern. The MA50 4H is the Resistance and has rejected all rallies in the past 9 days. Trading Plan: 1. Buy at 1.05150 (over Support Zone 1). 2. Sell at 1.04410 (under Bearish threshold). 3. Buy at 1.03500 (over Support Zone 2 and MA200 1D). Targets: 1. 1.06400 (under the MA50 4H). 2. 1.03500 (over Support Zone 2 and MA200 1D). 3. 1.07750 (under Resistance 1 and MA200 4H). Tips: 1. The RSI 4H Bearish Divergence failed. This gives more probabilities to a continuation of the bearish trend. Please like, follow and comment!!
by TradingBrokersView
2